Yvar Mikhashoff Trust For Music
- Assets
- $195.1k
- Revenue
- $7.3k
- Investments
- $181.9k
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 02/1995
- Data as of
- 12/2023
- EIN
- 16-1466808
Organization Overview
Yvar Mikhashoff Trust For Music is located in Pittsburgh, PA. The organization was established in 1995. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yvar Mikhashoff Trust For Music is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Yvar Mikhashoff Trust For Music generated $7.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $42.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Yvar Mikhashoff Trust For Music has awarded 48 individual grants totaling $101,250. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF PERFORMERS AND PRESENTERS OF NEW MUSIC THROUGH DONATIONS AND AWARDS TO NONPROFIT ORGANIZATIONS, YOUNG PROFESSIONALS AND ENSEMBLES AND OTHER PRESENTING ORGANIZATIONS. INCLUDES COSTS INCURRED MUSICAL RECORDINGS, CONCERTS, AND OTHER REASONABLE AND NECESSARY ADMINISTRATIVE EXPENSES.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25 |
| Dividends & Interest | $6,109 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $499 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $633 |
| Total Revenue | $7,266 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $320 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $40 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $352 |
| Printing and publications | $0 |
| Other expenses | $21,971 |
| Total operating and administrative expenses | $28,368 |
| Contributions, gifts, grants paid | $14,000 |
| Total expenses and disbursements | $42,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,628 |
| Savings and temporary cash investments | $11,607 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $181,880 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $195,115 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Yvar Mikhashoff Trust For Music has awarded $14,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CONOR HANICK PURPOSE: TRUST AWARD | $5,000 |
GLORIA CHENG PURPOSE: TRUST AWARD | $5,000 |
BUFFALO STRING WORKS PURPOSE: DONATION | $1,000 |
NEW MUSIC ON THE POINT PURPOSE: DONATION | $3,000 |